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15. A schedule of machinery owned by Patricia company is as follows: Total cost Residual value Useful life Machine A 5,500,000 500,000 20 Machine B

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15. A schedule of machinery owned by Patricia company is as follows: Total cost Residual value Useful life Machine A 5,500,000 500,000 20 Machine B 2,000,000 200,000 15 Machine C 400,000 5 What is the composite life of these assets? a. 13.3 b. 16.0 c. 18.0 d. 19.8

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